Venezuela doesn’t deserve a seat on the U.N. Security Council

THE ODDS that Venezuela, once Latin America’s richest country, will suffer a catastrophic economic collapse shortened significantly this month. Nicolás Maduro, the economically illiterate former bus driver who succeeded Hugo Chávez as president last year, rejected the advice of pragmatists proposing common-sense measures to rein in soaring inflation of more than 60 percent and crippling shortages of basic goods such as milk and toilet paper. Instead he gave a speech claiming that “our problems are the result of economic war waged by the opposition and private business.”